Nasdaq Private Market expands into alternative investments

First Published 10th March 2017

Adena Friedman, Nasdaq

New York & San
Francisco - Nasdaq Private Market (NPM) has
announced the launch of Alternatives, a new business line
designed to address the challenge of liquidity in alternative
investment funds, with a vision to broaden access to these
investments in an innovative way.

"With the increasing demand for alternative
investment products from high net worth investors, and fund
managers' desire to expand access to new investors, a solution
for liquidity becomes a critical enabler for new capital
formation," said Adena Friedman, CEO, Nasdaq. "The question of
liquidity continues to challenge the alternatives industry, and
Nasdaq is excited to leverage its core strengths to bring this
essential evolution to market."

Key features of NPM's platform for Alternatives
include:

Fund managers maintain control over which funds participate
in the liquidity events and the investors permitted in those
funds

Bids to buy or sell a fund interest are entered directly into
the platform, and are automatically matched according to
predetermined auction rules  Standardized agreements are
managed and executed via the platform

Final settlement amounts are calculated and payment is
facilitated through NPM's registered broker-dealer